On January 6, the Presidential Office held a press conference to announce the President's Order on announcing laws passed by the National Assembly at the 10th session recently.
One of the published laws is the 2025 Personal Income Tax Law with a tax collection policy for personal gold bar transactions.
At the press conference, Mr. Luu Duc Huy - Deputy Director of the Tax and Fee Policy Management and Supervision Department (Ministry of Finance) - informed about the taxable gold bar value threshold and the roadmap for implementing personal income tax on gold bar transactions.
According to Mr. Huy, the tax policy on gold bars in the past time was basically complete, including value-added tax, import tax, and corporate tax.
Regarding personal income tax, in the decree on gold trading, individuals are not allowed to trade gold bars, only have the right to buy and resell. Only banks and businesses that meet the conditions and are licensed are allowed to trade gold.
To manage the gold market, recently the Ministry of Finance submitted to the Government to include in the Law on Personal Income Tax (amended) submitted to the National Assembly for approval regulations on gold bar transfer tax.
The Law also assigns the Government to regulate the taxable gold bar value threshold, the time of application of collection and adjust the personal income tax rate for gold bar transfer in accordance with the gold market management roadmap.
Currently, we are the unit assisting the Ministry of Finance and submitting to the Government for promulgation a decree guiding the implementation of the Personal Income Tax Law. In which, we will coordinate to develop regulations on the personal income tax rate for gold bar transfer. The specific gold bar value threshold will be mentioned in the decree guiding the promulgation in the near future. Regarding progress, we will try to do it soon," Mr. Huy stated clearly.
The amended 2025 Law on Personal Income Tax has supplemented regulations on other income groups subject to personal income tax. Including income from the transfer of gold bars; income from the transfer of auction-winning license plates according to the provisions of law; income from the transfer of digital assets...
For income from the transfer of gold bars added to the taxable category, the tax rate is 0.1% on the buying and selling price each time.
Also according to the provisions of the new law, some income items will be tax-exempt. In which, the law stipulates tax exemption for income from salaries and wages when performing scientific, technological and innovation tasks; tax exemption for 5 years for income from salaries and wages of individuals who are high-quality digital industrial workers, high-tech workers performing high-tech research and development activities or strategic technology.
The Law on Personal Income Tax consists of 4 chapters, 29 articles, effective from July 1, 2026; regulations related to income from business, from salaries, wages of resident individuals applied from the tax period of 2026.
